Delta Air Lines, Inc. (NYSE:DAL) Expected to Post Q4 2024 Earnings of $1.89 Per Share

Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Zacks Research boosted their Q4 2024 EPS estimates for shares of Delta Air Lines in a research report issued to clients and investors on Monday, September 16th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $1.89 per share for the quarter, up from their previous forecast of $1.67. The consensus estimate for Delta Air Lines’ current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Delta Air Lines’ Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $2.56 EPS, Q4 2025 earnings at $2.15 EPS and FY2025 earnings at $7.47 EPS.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The company had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. During the same period in the prior year, the firm posted $2.68 EPS. The business’s revenue was up 5.4% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Citigroup raised their price target on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein cut their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. Jefferies Financial Group lowered their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Finally, TD Cowen dropped their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $61.52.

Delta Air Lines Trading Up 0.4 %

Shares of NYSE DAL opened at $47.12 on Thursday. Delta Air Lines has a twelve month low of $30.60 and a twelve month high of $53.86. The firm has a market cap of $30.40 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The business has a fifty day simple moving average of $42.29 and a two-hundred day simple moving average of $46.22. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21.

Hedge Funds Weigh In On Delta Air Lines

Several hedge funds have recently modified their holdings of the stock. Kimelman & Baird LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth approximately $31,000. Strategic Financial Concepts LLC purchased a new stake in shares of Delta Air Lines during the second quarter valued at $36,000. Rise Advisors LLC increased its position in shares of Delta Air Lines by 122.5% in the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 452 shares during the period. Unique Wealth Strategies LLC purchased a new position in Delta Air Lines in the 2nd quarter worth $40,000. Finally, Quarry LP acquired a new stake in Delta Air Lines during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was purchased at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $878,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.